«Owners Association». A necessity to preserve the value of real estate
Mulak, which regulates the relationship between the owners of real estate units with common ownership, develops and applies the necessary rules and regulations, and provides supporting services to organize and manage common parts such as entrances, elevators and corridors.
The creation and formation of «<a href=»https://amlak.net.Association of Owners« is not a secondary matter, but a necessity to maintain the quality and safety of the property, adhere to regular maintenance, and solve emergency issues quickly, and to take full advantage of the association, all owners must deal consciously and fulfill their obligations The process of establishing the owners" association faces several challenges, most notably the adoption of the association's statute if the voting percentage reaches 75% and is approved by the owners, and this requirement takes a long time to complete the quorum, which leads to a delay in the establishment of the association or its failure.
<One of the issues facing the Federation is the lack of awareness of the community about the profession of the common property manager, from these overlaps, some disputes arise between owners, and each blames the other for the repair, which causes the issue to worsen, especially if it is related to maintenance, all these issues occur due to the lack of activation of the system, and sometimes disputes arise during the activation of the system, which requires the intervention of the Federation to find solutions. The issues also include the large number of investor landlords, who rent their units on a daily or annual basis, which may lead to randomness if the landlords do not agree on specific controls. The low awareness of some landlords of the culture of coexistence in a shared residential environment is also a challenge that the authority is working to solve by intensifying efforts to spread awareness.
<Therefore, we must work on finding solutions to these challenges, such as developing mechanisms to accelerate the registration of owners and activate the association, and providing intensive awareness programs to inform owners of the importance of the owners" association and its role in maintaining the value of their properties. In addition, the General Authority for Real Estate seeks in its supervisory role to follow up with developers to ensure that the association is established after the units are sorted, to ensure the sustainability of the property and preserve the rights of owners and residents alike.
